Prices May Be Sticky in the Short Run Because

question 29

Multiple Choice

Prices may be sticky in the short run because

• A) consumers are irrational and do not react fast enough.
• B) firms are set in their ways of conducting business.
• C) its too costly for firms to change prices.
• D) government regulated money prices.
• E) there is no upward pressure on prices in the market.

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